Usman Salis
Dogecoin is showing some interesting technical action after spending weeks moving sideways. The chart has formed what traders call an Adam and Eve double bottom pattern, which often signals that bigger moves could be coming. With Bitcoin getting close to a major breakout point, DOGE watchers are keeping an eye out for signs that this rally might have more legs.
A recent tweet from @MacroCRG backs up this bullish view, suggesting that Dogecoin and other big memecoins might have found their bottom and are ready to move higher.
DOGE Technical Analysis
Looking at the 12-hour Binance chart, DOGE is showing a solid bottoming setup. The Adam and Eve double bottom pattern is pretty clear - there was a sharp drop in late July (the Adam part) followed by a more gradual, rounded bottom through August and September (that's the Eve). The $0.20 area has been holding strong as support, with buyers stepping in whenever the price gets close to that level.
Right now, the price is bumping up against resistance around $0.22–$0.23. If DOGE can break through this area with some conviction, we could see momentum build toward the $0.26–$0.28 range. The pattern looks even stronger because it came after an earlier bullish move, which suggests this might be a continuation setup rather than just a temporary bounce.
Bullish and Bearish Scenarios
- Bullish Case: If DOGE breaks decisively above $0.23, it would confirm the double bottom pattern and could open the door to $0.26–$0.28, with potential for $0.30 and beyond.
- Bearish Case: Losing the $0.20 support level would break the bullish setup and could send DOGE back to test $0.18, putting any upward momentum on hold.
The big factor to watch is how Bitcoin performs, especially around that critical $112k level. DOGE tends to follow Bitcoin's lead, so a BTC breakout would likely give memecoins a boost. We're also seeing signs that larger memecoins are starting to stabilize, which fits with DOGE's bottoming pattern. As one of the most liquid and well-known meme coins, DOGE remains a go-to choice for traders looking to play technical breakouts.
Usman Salis
